East Point Energy LLC

The United States reaffirmed its military commitment to Guyana, effectively securing access to its rapidly expanding oil production amid persistent border tensions with Venezuela.
The conditional green light from the nuclear regulator moves Cigéo into its final regulatory stage, while shifting the risks towards financing, territorial negotiations and industrial execution.

India and Russia seal an oil axis to bypass Western sanctions

New Delhi and Moscow strengthen their energy corridor despite US tariff and regulatory pressure, maintaining oil flows supported by alternative logistical and financial mechanisms.
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Zelestra sells its Latin American platform to Promigas, including 1.4 GW of operational or under-construction assets and 2.1 GW of advanced-stage projects in Chile, Peru and Colombia.
Sanctioned tanker Kairos, abandoned after a Ukrainian drone attack, ran aground off Bulgaria’s coast, exposing growing legal and operational risks tied to Russia’s shadow fleet in the Black Sea.

A drone damages the Chernobyl sarcophagus, Ukraine left alone to handle repairs

The drone strike confirmed by the IAEA on the Chernobyl site vault exposes Ukraine to a nuclear risk under armed conflict, forcing the EBRD to finance partial restoration while industry standards must now account for drone threats.
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Deep Fission is installing a 15 MWe pressurised reactor 1.6 km underground at Great Plains Industrial Park, under the Department of Energy’s accelerated pilot programme, targeting criticality by July 4, 2026.
The United States is temporarily licensing Lukoil’s operations outside Russia, blocking all financial flows to Moscow while facilitating the supervised sale of a portfolio valued at $22bn, without disrupting supply for allied countries.

Libya: NOC prepares to award 20 oil blocks amid rising operational and political risks

Libya’s state oil firm NOC plans to launch a licensing round for 20 blocks in early 2026, amid mounting legal, political and financial uncertainties for international investors.
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The United States strengthens its energy presence in the Eastern Mediterranean by consolidating a gas corridor through Greece to Central Europe, to the detriment of Russian flows and Chinese logistical influence over the Port of Piraeus.
Paris and Beijing agree to create a bilateral climate task force focused on nuclear technologies, renewable energy and maritime sectors, amid escalating trade tensions between China and the European Union.

GE Vernova to supply 42 turbines for new Greenvolt wind farm in Romania

GE Vernova will equip the Gurbanesti wind farm with 42 onshore 6.1 MW turbines in a second deal with Greenvolt in Romania, consolidating a combined capacity of around 500 MW.
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A report forecasts that improved industrial energy efficiency and residential electrification could significantly reduce Colombia’s need for imported gas by 2030.
Falling rig counts and surging natural gas demand are reshaping the Lower 48 energy landscape, fuelling a rebound in gas-focused mergers and acquisitions.

Diesel margins hit yearly high amid geopolitical tensions

European sanctions on Russia and refinery outages in the Middle East have sharply reduced global diesel supply, driving up refining margins in key markets.
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Over 140 solar sector companies have urged Congress to lift a directive from the Department of the Interior blocking permit approvals, putting hundreds of energy projects in the United States at risk.
The Nigerian government has approved a payment of NGN185bn ($128 million) to settle debts owed to gas producers, aiming to secure electricity supply and attract new investments in the energy sector.

China launches first phase of 300 MW storage station

A 300 MW/1,200 MWh electrochemical energy storage facility has been commissioned in China, marking a major milestone in the country’s largest publicly funded energy infrastructure project.
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Riley Exploration Permian has finalised the sale of its Dovetail Midstream entity to Targa Northern Delaware for $111 million, with an additional conditional payment of up to $60 million. The deal also includes a future transfer of equipment for $10 million.
RWE has secured contracts for four renewable energy projects totalling 68 MW in Italy, with construction set to begin in 2026, reinforcing its expansion strategy in the market.
The United States secures a tungsten joint venture in Kazakhstan and mining protocols in Uzbekistan, with financing envisaged from the Export-Import Bank of the United States and shipment routed via the Trans-Caspian corridor.
The United States grants Hungary a one-year waiver on sanctions targeting Russian oil, in return for a commitment to purchase US liquefied natural gas worth $600mn.

G7 launches over 20 projects to counter Chinese influence on critical minerals

Meeting in Canada, G7 energy ministers unveiled a series of projects aimed at securing supply chains for critical minerals, in response to China’s restrictions on rare earth exports.
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Donald Trump announces an immediate reduction in tariffs on Chinese fentanyl-related imports from 20% to 10%, potentially impacting energy flows between Washington and Beijing.
Amman plans to launch tenders for 400 megawatts of solar, wind and storage projects, as part of a strengthened bilateral energy cooperation with Germany.

Brussels calls industry leaders over Chinese rare earth export curbs

An emergency meeting led by the European Commission gathers key sectors affected by China's export restrictions on rare earths, ahead of a briefing at the European Parliament.
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Manila plans to expand gas and renewable energy production to meet a 6.6% increase in electricity demand over the next two years.
Ottawa and London increased bilateral exchanges to structure strategic cooperation on nuclear energy and critical minerals supply chains, as part of Canada’s G7 presidency.

Trump says Modi will stop Russian oil purchases amid rising tensions

Donald Trump says he secured Narendra Modi’s commitment to end Russian oil imports, adding political pressure to India-Russia trade relations.
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Under intense diplomatic pressure from Washington, member states of the International Maritime Organization agreed to postpone by one year the adoption of a carbon pricing mechanism for global maritime transport.
Washington confirms it has mandated the CIA to carry out secret actions against Nicolas Maduro’s government, escalating tensions between the United States and Venezuela amid geostrategic and energy stakes.

Brussels seeks to ban Russian gas and oil by 2027 in major diplomatic move

Two European Parliament committees propose to advance the full halt of Russian hydrocarbon imports to 2026 and 2027, including oil, gas, and LNG, strengthening the European Union’s geopolitical position.
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The COP30 conference hosted in the Amazon by Brazil faces low participation from global leaders, amid geopolitical tensions and major logistical challenges.
The United States has granted Trinidad and Tobago a special licence to resume negotiations with Venezuela on the Dragon gas field, partially lifting restrictions imposed on the Venezuelan energy sector.

Brussels moves forward with plan to eliminate Russian oil and gas imports by 2028

Ambassadors of European Union member states have approved the transmission of a legislative proposal to phase out Russian fossil fuel imports by January 2028 to the Council of Ministers.
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The State Duma has approved Russia’s formal withdrawal from a treaty signed with the United States on the elimination of military-grade plutonium, ending over two decades of strategic nuclear cooperation.
Polish Prime Minister Donald Tusk said it was not in Poland’s interest to extradite to Germany a Ukrainian citizen suspected of taking part in the explosions that damaged the Nord Stream gas pipelines in 2022.

Saudi companies to launch 500 MW of energy projects in Syria

Al-Harfi and SCLCO signed agreements with Syrian authorities to develop solar and wind capacity, amid an ongoing energy rapprochement between Riyadh and Damascus.
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Faced with risks to Middle Eastern supply chains, Thai and Japanese refiners are turning to US crude, backed by tariff incentives and strategies aligned with ongoing bilateral trade discussions.
France intercepted a tanker linked to Russian exports, prompting Emmanuel Macron to call for a coordinated European response to hinder vessels bypassing oil sanctions.